counting, I think we'll see more selling than buying for a few months. Even if one has to pay a premium down the road to the current price, I'd hazard that it will be a smarter buy than buying today. We should see core analysis before we frac, if that helps with planning and positioning. This really is just a hobby project at this point for POQ and Origin.
RE: staying safe and watching Falcon18 Mar 2020 18:34
dprussky, no surprise, I see things differently. The US shale will be destroyed, and there won't be a quick come back. The Hot money that was forced in to the shale sector will find a great many other places to invest for hot returns. Russia will continue, pumping as hard as they can, whilst spilling 10% in their pipelines and Saudi will finally be unveiled as running on fumes, with a Millennial blood thirsty despot blowing himself and all the other Royal families up. And, the Wuhan virus, will be the straw that broke the camel's back and the wreckage will be strewn all over the place. We'll come out on the other side a changed World with digital currencies, mass surveillance, citizens paid a guaranteed monthly consumption allowance--just a few things coming our way.
tda, I doubt anyone can point to anything that would contradict your comment re "Nothing has changed with the value of this asset". What has continued to develop is the **** poor execution by Origin. Anyone that targets the E&P sector has to shake their head at the unbelievable history of Origin in their struggle to complete and test easy--not deep, not high pressured, not high temperature wells. That is the what is weighing on the share price: LACK OF EXECUTION
It really shouldn't surprise us at the pace of drilling19 Feb 2020 15:02
Neither Falcon nor Origin know squat about the oil business, and they are contracting with industry leaders, who are facing an historic downturn, and allowing them to skip down the garden path, padding their bills under the guise of a freak'n science experiment. Here's a typical exciting linked in post from Origin: " We're so happy to announce our sponsorship of Netball Australia. Over the next three years, Origin will be a community partner supporting and cheering on from a grass roots level, through to state clubs and the national team - the Origin Diamonds. Read more about our partnership here: https://bit.ly/2uX54yK …see mor" So, should we really be surprised that they are talking six months to do a 3 week job?
RE: Proton Technologies adds value to our hydrocarbon field02 Feb 2020 23:51
Ultra, the best thing about Hydrogen is that it helps float the vehicle making it lighter and thus easier to move. I believe if you had a large container vehicle it wouldn't need an ICE, but simply a solar panel on the roof and a fan on the stern.
RE: Empires Rosey future In Beetaloo28 Jan 2020 22:13
coma, Your comment brought to mind a company (probably oil, but maybe dot com--been a long time), where the CEO being questioned in bankruptcy court responded to the question where did all the money go? His response was they spent it on this and that and just ****ed the rest of it away. And, your O'Connell quote sure reminds me of Marc Bruner.
"With the drilling rig and equipment on-site and in position, drilling operations will recommence on the new horizontal well section within the next month." Okay, that seemed to be a pretty wide window, and I would assume it meant within the next 7 to 14 days (Otherwise they should rename it the Origin Country Club and Foreign Study Course). Anyway, they should be well underway (read that as finished), as they were schooled on their first attempt (surely they learned what not to do). Isn't anyone in Daly Waters the least bit curious to make a lot of money by flying a drone over the well site and seeing what the set up is? Is POQ's strategy to make sure Sweet Pea doesn't liquidate into a rising share price? How much does POQ really know about the day to day week to weekly operations? Yes, the Wuhan bug has me disgruntled, more so than usual, apparently.
RE: Empires Rosey future In Beetaloo28 Jan 2020 20:15
That's a positive message. I will comment that I find Empire to be a little too promotional in their messaging to shareholders and potential shareholders. But, on balance, it's good they found the Kyalla and Velkeri, but probably their 2D could have been done on the outside borders of their concession and proved up the same thing.
RE: Mid-Velkerri asset value increasing with Santos discovery25 Jan 2020 01:27
Newtofo, I think Origin will make all the executive decisions, which mostly would be contracting with Ensign and SLB. But, Ensign would be in charge of the drilling and SLB would be contracted for the completions. BTW, I've made the mistake in the past to believe that just because a Major (Schlumberger, Halliburton or Weatherford)has hired didn't mean you got their best talent. It is totally critical to vette the actual personnel that are going to be on the ground, and not assume that it will all work out because we hired a Major. Let's hope for the best, and that they've already made great progress on finishing the horizontal.